'The issue which has swept down centuries and which will have to be fought sooner or later, is The People -v- The Banks'

Monday, 2 November 2015

ANONYMOUS #DIGITALASSETS AUTOMATED TAX #ACCOUNTING *DONE*

Two short excepts should do it:

"Connect to major wallets and exchanges like Coinbase to sync all of your transactions in seconds. We can also import the transaction downloads from popular wallets like Circle. Alternatively, upload a spreadsheet in our generic format with no personal data to use Libra completely anonymously."

interested? More:

"DIGITAL ASSET REPORTING ON-DEMAND.

Before Libra, accurately calculating gains and losses for digital assets was extremely challenging, if not impossible. We created Libra to eliminate that challenge and deliver reporting and record keeping that lives up to modern financial standards. Whether you want to simply track the performance of your investment or maintain IRS compliant records, we have developed a comprehensive solution that is built from the ground up specifically for digital assets. We’ve built support for trading, holding, using, mining, gifting, tipping, and donating. It works automatically with transactions that are “on-blockchain” or “off-blockchain”. Best of all, once you have your wallets connected, your transactions will sync in real time. Finally, you have a way to visualize your performance across multiple wallets and exchanges in real-time.

In addition to this, users have the freedom to adopt any cost basis method imaginable – FIFO, LIFO, Average, or “Libra Optimized” (a custom “selective” methodology). With our optimized approach, a method that is used by the most savvy equity traders, your reportable gains can be algorithmically minimized, potentially saving you thousands in tax obligations.